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tracking numbers on guns. but finally city mayors are trying to use their financial might to help citizens and police officers help keep them safe. the national conference of democratic mayors is launching an initiative to grade gun manufacturers. the grades will be based on things like gun company's public statements on safety regulations and their lobbying expenditures and then cities can use the grades to choose from whom they actually guy their police guns. it may sound a little bit familiar, and that's because it's the same strategy that the nra has used for years in grading congress on how gun friendly they are. one of the cities which has taken the lead on this initiative is minneapolis. today's it's mayor said . . . >> jennifer: this is just the latest move in a series of successful measures that minneapolis has taken to curb gun violence so from 2003 to 2006, minneapolis was rocked by a crime wave that killed 80 people under the age of 25 making homicide the leading cause of death for minneapolis's young people. the city has been stuck with the un
to destroy. >> today the u.s. government filed charges against the agencies of standard & poor's for its role in the 2008 economic cries. s & p rates investments. when they give an investment a high rating it's considered a low risk. even the most conservative investors like pension funds feel confident buying that product. well the justice department allegeses that s & p knowingly gave high rates to toxic bad mortgages that s & p knew were risky because s & p wanted more business from the banks that createed those purposefully risky bad bundles. that's right. they said the agency, they're getting paid by the very banks they're evaluating. a little conflict of credit? >> s & p misled investors including federally insureed financial institutions causing them to lose billions of dollars. >> going after the credit rating agencies have been a long time in coming. they've called it code made alchemy. they've been doing it for three years and during that time s & p turned over 100 million pages of documents including e-mails between employees and some damaging information has come from those e-mail
Search Results 0 to 1 of about 2